An ongoing expansion of Argentina’s oil and gas industry driven by increasing discoveries of shale oil and gas got a boost today with the publication of a government regulation expediting the entry of used fixed assets destined for that industry. This new regulation, issued jointly by the Trade Secretariat and the Ministry of Industry (joint res. 184/14 and 294/14), grants a provisional permit valid for 180 days during which such assets can be entered and used in production while authorities review compliance with legal requirements and issue the definitive used assets import certificate. Previously, this certificate had to be issued before customs clearance could be authorized, a timeframe that imposed a burden on the industry.
Oil and gas industry officials are encouraged to contact Sandler & Travis Trade Advisory Services (STTAS) Argentine trade expert Samanta Madsen Santamarina to begin taking advantage of the opportunities presented by this new development. Ms. Madsen can be reached by email at [email protected] or toll free in the US and Canada 1 (877) 589-9565. In Argentina +54 (11) 5984-3955.
Sandler & Travis Trade Advisory Services, Inc. (STTAS) is the world’s first provider to focus exclusively on global trade compliance management. Together with the international trade law firm Sandler, Travis & Rosenberg, P.A., STTAS operates out of nine countries throughout South America, North America, Asia and Europe. With 750 global trade professionals covering the import/export needs of multinational clients trading in more than 70 countries, STTAS is the largest import/export managed services provider in the world.
To learn more about STTAS, please visit www.sttas.com.
